<u>Answer: </u>Outsourcing refers to having work performed overseas.
<u>Explanation:</u>
Outsourcing means the business hires third party firms for performance of service or product. Companies adopt this measure to reduce their business costs. With the help of outsourcing the overhead and labor costs can be cut down.
Contract manufacturers produce goods on behalf of the company for cost benefit purpose or availability of raw materials. One of the disadvantages of outsourcing is that the sensitive information about the company may be leaked. Through outsourcing some of the activities the company concentrate on core business activities.
Answer:
$0.00
Explanation:
LICC company issued the share and gave them to the officer, ABLE. During the same year, the condition on the stock is met to sell them, and ABLE exercises this option. LICC custody of the stock ends when the condition is met and ABLE can sell the shares.
These stocks belong to ABLE and selling these shares will impact their income tax, not the company. ABLE is a different tax-subject than LICC. Thus, LICC income taxes do not absorb the gain on sale in this transaction.
Answer:
$2,090 Favourable
Explanation:
According to the given situation, the computation of labor efficiency variance for July is shown below:-
Labor efficiency variance = Standard rate × (Standard hours - Actual hours)
= $11 × ((0.7 × 3,000) - 1,910)
= $11 × 190
= $2,090 Favourable
Therefore for computing the labor efficiency variance for July we simply applied the above formula.
Answer:
None of the 2019 profits was distributed. TRUE, you cannot distribute profits before you make them. The year has just started, so any distributions must correspond to the prior year.
Mark's gross income from the partnership for 2019 is $40,000. FALSE, a partnership is a pass through entity, and each partner is responsible for his/her complete share of the profits. In this case, Mar's income = $90,000
